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UNF $179.13

UNF target price
179.13
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UniFirst Corporation
Type
Public
Traded as NYSE: UNF
S&P 600 Component
Industry Apparel industry, Workwear, Uniform service
Founded 1936
Founder The Croatti family
Headquarters Wilmington, Massachusetts, United States
Number of locations
250 facilities
Area served
United States, Canada, Europe
Key people
Steven S. Sintros (President & CEO)
Products
  • Uniforms
  • Workwear
  • Protective Clothing
Services
  • Uniform rental
  • Laundering
  • Mending
  • Embroidery
  • Pickup & delivery
  • Facility services
  • Scheduled maintenance
Revenue Increase US$ 1.59 billion (FY 2017)
Operating income
Decrease US$ 110.3 million (FY 2017)
Net income
Decrease US$ 70.2 million (FY 2017)
Total assets Increase US$ 1.8 billion (FY 2017)
Total equity Increase US$ 1.45 billion (FY 2017)
Number of employees
14,000
Subsidiaries UniTech, UniClean, UniFirst-First Aid Group
Website www.unifirst.com

UniFirst Corporation is a uniform rental company based in Wilmington, Massachusetts, United States, that manufactures, sells, and rents uniforms and protective clothing. UniFirst employs more than 12,000 people and has over 230 facilities in the United States, Canada, and Europe, including customer service centers, nuclear decontamination facilities, cleanroom locations, distribution centers, and manufacturing plants.

UniFirst was founded in 1936 by the Croatti family, under the name of National Overall Dry Cleaning Company. The company began in a horse barn that had been converted into a makeshift laundry and its equipment consisted of a single washing machine and a delivery truck. It served Boston area factory workers and other laborers, whose heavy soiled work clothing needed to be cleaned frequently. The National Overall Dry Cleaning Company was incorporated in Massachusetts on October 6, 1950.

In the 1980s, UniFirst was sued by residents of Woburn, Massachusetts in a class-action lawsuit. The residents alleged that Unifirst, along with two other firms, had released pollution that had leaked into the water supply, and that this was a cause of increased instances of leukemia in the town. UniFirst settled with the residents without going to trial, for a sum of one million dollars. This episode was featured in the non-fiction book A Civil Action by Jonathan Harr. As of 2009, UniFirst's enivronmental record has improved; it has received awards for its water treatment processes from the Missouri Water Environment Association and the Water and Wastewater Utility Special Service Division of Austin, Texas, among others.

In 1991 Ronald Croatti became the chief executive officer of the company. He continued his rise in 1995, when he became the company president, and again in 2002, when he became the chairman of the board. In 2011, UniFirst featured in an episode of the reality television series Undercover Boss.

UniFirst supplies uniforms and protective clothing, as well as restroom and cleaning products such as floor mats, mops, air fresheners and soap. Products that it manufactures in-house include work shirts, work pants, outerwear, and flame-resistant work apparel. It also manufactures a majority of the garments it places in rental programs.

UniFirst subsidiary companies include Green Guard, UniTech Services Group, and UniClean. Green Guard is a corporate supplier of first aid equipment; UniTech provides laundering and decontamination services to the nuclear industry; and UniClean supplies clothing and services related to cleanrooms. UniFirst also has a Canadian uniform rental subsidiary called UniFirst Canada.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2021 2022-10-18 Future report Set alerts
Q3 2021 2022-06-29 1.77 1.77
Q2 2021 2022-03-30 1.24 1.24
Q1 2021 2022-01-05 2.00 2.00
Q4 2020 2021-10-20 1.82 1.82
Q3 2020 2021-06-30 2.21 2.21
Q2 2020 2021-03-31 1.71 1.71
Q1 2020 2020-01-08 2.52 2.52
Q4 2019 2019-10-23 2.40 2.40
Q3 2019 2019-06-26 2.46 2.46

Ratings

2016-07-01 Downgrade Robert W. Baird Outperform to Neutral $125.00 to $121.00
2016-06-30 Reiterated Rating JPMorgan Chase & Co. Hold
2015-12-16 Upgrade Sidoti Neutral to Buy
2015-01-09 Reiterated Rating Barrington Research Hold
2015-01-07 Downgrade Sidoti Buy to Neutral
2014-10-23 Upgrade Robert W. Baird Neutral to Outperform $118.00 to $127.00
2014-03-10 Upgrade Ned Davis Research Neutral to Buy
2013-12-12 Upgrade Sidoti Neutral to Buy
2011-10-19 Upgrade Robert W. Baird Neutral to Outperform $57 to $60
2011-01-19 Downgrade Robert W. Baird Outperform to Neutral $57 to $58
2010-01-07 Upgrade Robert W. Baird Underperform to Outperform $43 to $59
2009-06-01 Downgrade Robert W. Baird Outperform to Neutral $38 to $37
2008-12-23 Initiated JP Morgan Neutral
2008-10-30 Upgrade Robert W. Baird Neutral to Outperform $53 to $38
2007-06-28 Downgrade Barrington Research Outperform to Mkt Perform $48
2007-01-18 Initiated Citigroup Hold $48
2007-01-05 Downgrade Matrix Research Hold to Sell
2007-01-04 Reiterated Barrington Research Outperform $44 to $48
2016-07-01 Downgrade Robert W. Baird Outperform to Neutral $125.00 to $121.00
2016-06-30 Reiterated Rating JPMorgan Chase & Co. Hold
2015-12-16 Upgrade Sidoti Neutral to Buy
2015-01-09 Reiterated Rating Barrington Research Hold
2015-01-07 Downgrade Sidoti Buy to Neutral

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
CROATTI RONALD D President and CEO 0.95%  (144200) UNF /
Levenstein Cecelia 0.88%  (133808) UNF /
The Ronald D Croatti Trust - 1993 0.21%  (31134) UNF /
Croatti Carol 0.21%  (31134) UNF /
Croatti Matthew 0.21%  (31134) UNF /
Postek Thomas 0.19%  (29599) LAWS / UNF /
DiFillippo Anthony F 0.15%  (22325) UNF /
Cohen Phillip L 0.09%  (13051) UNF /
Evans Donald J 0.05%  (6838) UNF /
Iandoli Michael 0.04%  (5732) UNF /
DIFILLIPPO DAVID A Senior VP of Operations 0.03%  (4401) UNF /
Sintros Steven S VP of Finance and CFO 0.02%  (3023) UNF /
CAMILLI KATHLEEN M 0.02%  (2394) UNF /
Croatti Michael A Senior VP of Operations 0.01%  (1753) UNF /
CROATTI CYNTHIA Executive VP and Treasurer 0.01%  (1332) UNF /
Katz David Martin VP of Sales and Marketing 0.01%  (1044) UNF /
Ross William Masters Senior VP of Operations 0.01%  (1044) UNF /